KKR & Co. Inc. (NYSE:KKR) Receives Consensus Rating of “Moderate Buy” from Analysts

KKR & Co. Inc. (NYSE:KKR) has received an average rating of “Moderate Buy” from the seventeen brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $156.4286.

Several research analysts have recently commented on the company. UBS Group reduced their price target on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Weiss Ratings downgraded shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Oppenheimer decreased their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. TD Cowen cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their price target for the company from $146.00 to $131.00 in a research note on Wednesday, January 14th. Finally, Morgan Stanley reduced their price target on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds have recently modified their holdings of the business. ESL Trust Services LLC acquired a new position in KKR & Co. Inc. in the third quarter valued at about $26,000. Asset Dedication LLC acquired a new stake in shares of KKR & Co. Inc. during the third quarter valued at about $26,000. GGM Financials LLC purchased a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $27,000. Clearstead Trust LLC acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter worth approximately $28,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of KKR & Co. Inc. by 2,150.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

KKR stock opened at $121.27 on Friday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $108.10 billion, a PE ratio of 51.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.99. The business has a 50 day simple moving average of $128.15 and a 200-day simple moving average of $132.65.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same quarter last year, the business posted $1.38 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were paid a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.74 annualized dividend and a yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.36%.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.